Question regarding education loan

Apr 7 3 Comments

My sister is planning to come for her MS from India.
I am working in US and have a decent job, H1B and i140 approved.

Question:
Is there anyway she can get a cheap education loan from credit unions, US banks or federal gov. leveraging my credit score ( like if I become a co-signer etc)?

Any other suggestion also welcome or views on getting loan in US vs India?#personalfinance

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  • Amazon
    varumvarum

    Go to company page Amazon

    varumvarum
    Nope. You can get a personal loan here. Education loan is only for GC and citizens
    Apr 7 0
  • Oracle
    lπŸ”” l

    Go to company page Oracle

    lπŸ”” l
    She'd need a GC/Citizen to sponsor her education loan in the US.. H1Bs probably don't qualify to sponsor.

    You can certainly do private loans or credit card loans - but they ofcourse are not worth even considering - given their interest rates.

    Considering you have option to get loans in both US and India, it might work out to be the same in the long term - Given - low interest rate in US and a strong dollar v/s higher interest rate and weak Rupee. And remember no one can predict interest rates.

    Once you get interest rates you can do the math.
    Apr 7 0
  • Depends how much you need? How long will you take to payback?
    Apr 7 0